dr marten biker boots ENDOW releases preliminary recommendations to ‘Chart New Course’ for Wyoming Economy
“Eight months ago Governor Mead tasked this council with thinking outside the box, with providing bold and innovative ideas to diversify Wyoming’s economy for generations to come,” said ENDOW Vice Chairman Bill Schilling. “These preliminary findings represent just that and are only a first step in a long term process to achieve meaningful and sustainable results for the state of Wyoming.”
A total of ten recommendations, representing a mix of legislative and executive actions, policy changes and funding requests, are included in the preliminary report. The total funding request is $36,350,000, over a million dollars below Governor Mead’s $37.5 million budget request for ENDOW from the state’s Legislative Stabilization Reserve Account (LSRA). Preliminary recommendations include:In addition to these ten recommendations, the Executive Council also included their support of efforts to encourage research and development of Blockchain, Vertical Take Off and Landing (VTOL) technology, and renewable, wind energy development which are considered to have high potential for diversifying and differentiating Wyoming’s economy.
“I commend the ENDOW Executive Council as well as Governor Mead for their leadership, vision and incredible hard work in preparing these preliminary recommendations,” said Wyoming Senate President Eli Bebout. “Diversifying Wyoming’s economy for the long term is no easy task, but it is the most pressing challenge we face. Moving forward,
we must balance the realities of our state’s fiscal situation with strategic investments. I remain cautiously optimistic that we can do just that during the upcoming legislative session. After all, if not now, when?”
“All of Wyoming is thankful for the talented members of the ENDOW executive committee that have demonstrated true Wyoming values and graciously volunteered their time and talent for the betterment of our great state,” said Wyoming House Speaker Steve Harshman. “As Speaker of the Wyoming House of Representatives I add my commitment to turn these findings into action. I am confident that by investing in ourselves we will add value to our existing business and industry and build a bridge to the future for our young people. Working together we can do this!”
In submitting their preliminary recommendations, the Executive Council noted the state’s current fiscal situation and the conservative approach they took as a result in making funding requests.
“The hard truth is diversifying our state’s economy for the long term is going to take some investment investments we believe strongly will pay dividends for future generations of Wyoming citizens,” said Chairman Greg Hill. “We should not embark on these efforts unless we fully understand they will be multi year and multi million dollar undertakings. If we are not prepared to act decisively and commit for a significant period of time, we are wasting time and money.”
In 2018, the Executive Council will be evaluating how to position Wyoming as a global competitor in a number of areas to drive future economic growth. Actions will include putting in place key enablers such as greater access to capital, enhanced government policies and structures, and more active state marketing programs. It will also include actions to drive future economic engines areas of opportunity based on Wyoming strengths, business trends, and expertise. In the coming weeks, the Executive Council will be undertaking a thorough comprehensive public engagement process to garner feedback from key stakeholders on these preliminary recommendations.
“This is a marathon not a sprint,” said Schilling. “The work of ENDOW is really just beginning. Wyoming has unmatched potential when it comes to our people, resources,
beauty and grit and ENDOW will work to foster it all.”